Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
1500 South Central Ave Glendale, CA 91204
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8370536
For Lease
1 / 7
$7,635,000
1500 South Central Ave, Glendale, CA 91204
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
40,416 SF
Lot
0.52 ac (22,852 SF)
Zoning code
GLCY
APN
5640-028-060
UPID
US09-8370536
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Laser Nail Therapy- Largest Toenail Fungus Treatment Center Physician
-
Institute for Female Alternative Surgery Medical Clinic
-
Lakeside Medical Clinic
-
Virginia Veloso, M.D. Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.64M
Owner & transaction history
Hta-glendale Memorial LLC · 9 yrs held
Hta-glendale Memorial LLC
since 2017
6 recorded transactions
Zoning & alternative use
GLCY · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,870,000
6.5%
$10,035,000
7%
$9,320,000
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$189 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$151,683
Tax year 2024
Assessed value
$13,653,949
Assessed 2024
Previous assessed
$13,653,949
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,505,802
Assessed improvement
$9,148,147
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Cooling
YES
Stories
3
Total area
40,416 SF
Lot
0.52 ac (22,852 SF)
Zoning code
GLCY
APN
5640-028-060
UPID
US09-8370536
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLCY · Glendale, CA
Zoning GLCY · permitted uses
GLCY · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hta-glendale Memorial LLC
Entity
Free & Clear · 9 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2017
$12,000,000
Hta-glendale Memorial LLC
Glendale Mob LLC
Grant Deed
—
Oct 31, 2013
$8,410,000
Glendale Mob LLC
Elpf Glendale 1500 South Ctrl
Grant Deed
—
Dec 31, 2012
—
Dignity Health
Dignity Health
Quit Claim Deed
related
—
Nov 6, 2003
—
Pmb Glendale 1500 South Centra
Catholic Healthcare West Corp
Grant Deed
$15,520,000 · Morgan Stanley Mtg Capital INC
Oct 7, 1988
$3,554,000
Gle Memorial Hos
Memorial Hospita
Grant Deed
related
—
—
—
Glendale Mob LLC
—
Deed Of Trust
related
$58,000,000 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
